Posted inEconomy
As Mamdani Pulls Budget Rabbit From Hat, Watchdogs Fret Over ‘One-Shots’
The mayor’s use of one-time cash infusions sets the table for a renewed fight over taxing the wealthy next year.
Albany
Posted inCity Government
Mamdani Plugs $12 Billion Budget Hole With Hochul Assist
An infusion of state aid will help the mayor close the massive two-year budget shortfall, City Hall said, as fiscal watchdogs urged caution.
Posted inAlbany
Deal or No Deal? Confusion Over Hochul’s $268 Billion Budget
The governor said the new state budget includes money for universal childcare, police on the subways — and a “pied-à-terre” tax on the apartments of wealthy non-residents.
Posted inCity Hall
Hochul Refuses NYC Tax Move in Budget Showdown
The governor said a tax change proposed by Mayor Zohran Mamdani and Speaker Julie Menin is ‘not happening.’
Posted inHow to New York
How the New York State Budget Works
We answer your questions on the state’s notoriously opaque budget process.
Posted inLabor
Albany Lawmakers Take Up Sweeping Pension Reforms. A Big Winner? Themselves.
More than half of all state workers stand to benefit from rolling back the controversial cost-cutting measures enacted in 2012. That includes more than a third of current state legislators.
Posted inAlbany
Hochul Reveals How She Wants to Weaken State’s Climate Law
The governor is urging lawmakers in Albany to make reforms to emissions regulations as the legislature negotiates the state budget.
Posted inClimate
With Power-Guzzling Data Centers on the Way, New York Moves to Control Costs
Electricity demand in the state could increase by nearly 70% by 2030, thanks to the expansion of electric heat as well as large projects like data centers.
Posted inAlbany
MTA Pushes Crash Insurance Reform to Stop Flimsy Claims on Transit Coffers
Transit chief says ‘billboard lawyers’ think ‘MTA is actually spelled ATM.'
Posted inHealth
Brooklyn Nurses Lose Health Care For Weeks Despite $15M From State
The Brooklyn Hospital Center received a fraction of requested aid — and it’s not enough to reinstate more than 400 nurses’ health benefits.